- Avalon Advanced Materials Inc. (“Avalon” or the “Company”) is a Canadian-based mineral exploration and development company with assets targeting multiple critical minerals, including lithium, cesium, tantalum, rare earth elements and tin.
- All of the company’s assets are located in Canada with the flagship project, Separation Rapids Lithium Project (“Separation Rapids”), being located 70km north of Kenora, Ontario and is well positioned to produce the initial concentrate supply for Ontario’s first lithium refinery, creating a domestic supply chain of lithium battery materials.
- Separation Rapids is especially interesting in that the deposit contains the rare high purity lithium aluminum silicate mineral, petalite, as well as lepidolite, which can serve both the global glass-ceramics industry and the battery materials sector.
- It strategically aligns with the Ontario Critical Minerals strategy, leading sustainability solutions with its unique lithium petalite deposit in Northwestern Ontario.
Commodities markets are radically transforming as the world embraces electric vehicles (EVs) and other clean energy technologies. The surge in demand for green tech makes critical mineral commodity markets an attractive option for many investors. Moreover, most critical minerals necessary for future technologies have a steadily increasing demand while supply struggles to keep up, evidenced by the tightening lithium supply in China. As a result, some analysts expect battery metals markets to remain elevated for many years to come.
Lithium is the most discussed critical mineral impacting the battery materials market, but it’s not the only element enabling clean technologies. Last year, the International Energy Association (IEA) published a study highlighting other metals need to support the global transition to clean energy, including copper, platinum group metals, zinc and aluminum. Another study by IEA indicates that total mineral demand derived from clean technology related to EVs and battery storage will go from 0.4 million tonnes in 2020 to 21.5 million tonnes in 2040, based on the ‘net-zero by 2050’ scenario. So how will the mining industry satisfy this massive increase in demand?
Avalon (TSX:AVL, OTCQB:AVLNF) is a Canadian mineral exploration and development company targeting multiple critical minerals necessary for developing and manufacturing clean technologies. This is highlighted by the Company’s project portfolio, containing assets known for lithium, rare earth elements, cesium, tantalum, rubidium, tin, indium, and other rare elements. The Company has two key projects and three additional projects in its pipeline.